Tag: Rocket Mortgage
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This Week’s Big News for Deed Seekers: Fannie and Freddie Shift to VantageScore® in Loan Decisions
The price of stock in Fair Isaac, a.k.a. FICO®, just tanked. It happened after the Federal Housing Finance Agency (FHFA) director announced a change in the way Fannie Mae and Freddie Mac will consider an applicant’s credit scores. (The FHFA oversees Fannie and Freddie.) Fair Isaac stock plummeted more than 25% on the last Tuesday…
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Passage From Deed to Deed: Rocket Mortgage® Now Offers Bridge Loans
Need to sell your home? Homes aren’t selling as quickly as they used to. But a bridge loan might provide some help with your buying-while-you-sell experience. This is the message from Rocket Mortgage®, which will now let you buy your next house now — before you transfer the deed to your current home. Let’s take…
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Feds Sue Rocket for Race-Based Appraisal Bias. Rocket Fights Back.
Retail lending powerhouse Rocket Mortgage is now suing the U.S. Justice Department. Rocket says the government wrongly dragged the company into a discrimination lawsuit. It was a Colorado deed holder who first called out a lowball appraisal. The Justice Department claimed that Rocket derailed the refinance application after that calling-out. But Rocket leadership denies having…
